S

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.049%

Price spread now: Reya against GMX−0.299%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.299% cheaper against GMX than usual: you would sell low and buy high (spread −0.299% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 9.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX S/USD [WBTC.b-USDC]	0.03963	L −0.0206% / S +0.0198%	get 0.0026% / 1h	30m 56s	$1K	—	100x
Short	Reya SRUSDPERP	0.03952	−0.0101	pay 0.0013% / 1h	30m 56s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee ReyabpOrdersPrice spread, now −0.299%Rate

Funding earned: $21.99
Price spread: −0.299% → 0.000%: −$29.87
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$25.89
Costs to cover: 0.180%
Break-even: 15.2 days

Slippage unknown: GMX: no order-book sample; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

GMX and Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SUSD	−0.2247%	1h	0.03964	+0.021%	$33K	$13K	10x	as long as short
01 Exchange SUSD	−0.1968%	1h	0.03840	−3.113%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03927	−0.918%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0206% / S +0.0198%	1h	0.03963	long leg	$1K	—	100x
Reya SRUSDPERPshort	−0.0101%	1h	0.03952	−0.299%	$4	—	15x
Variational Omni S	−0.0038%	4h	0.03964	+0.023%	$613K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03964	+0.011%	$611	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.447%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0081%	4h	0.03968	+0.116%	$98K	$285K	10x	as long as short
Lighter S	+0.0096%	1h	0.03972	+0.217%	$167K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03969	+0.151%	$994K	$592K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03970	+0.173%	$47K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03970	+0.173%	$5.5M	$13.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03964	+0.015%	$5.7M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03966	+0.066%	$984K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03967	+0.091%	$323K	$189K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03972	+0.217%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03966	+0.066%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03971	+0.192%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03966	+0.066%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	−0.590%	$20K	$461K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03968	+0.106%	$224K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03965	+0.040%	$274K	$102K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.1262%	1h	0.03973	+0.242%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1585%	1h	0.03970	+0.167%	$115K	$424K	5x	as long as short